Start-ups from countries with moderately developed innovation capacity can compete for support from the InnoStars Awards, which can be used to turn their healthcare ideas into viable enterprises.
Through a competitive programme of funding, mentoring and training, the InnoStars Awards help start-ups to verify the need for their healthcare innovations, attract investors and shorten the time it takes to get their ideas to market.
Is it for me?
InnoStars is suitable for micro- and small enterprises, spin-offs and start-ups that already have a prototype or minimum viable product but do not have a product or service on the market yet. Applicants must have a legal entity in one of the following countries: Croatia, Czech Republic, Estonia, Greece, Hungary, Italy, Latvia, Lithuania, Poland, Portugal, Romania, Slovakia and Slovenia.
The journey begins when start-ups submit a competitive application to enter the InnoStars Awards programme. Those accepted will receive €25,000 in “smart money” for training costs, four months of mentoring from one individual and training at two European Bootcamps. Participants also take part in three interviews with potential customers, investors or partners in order to verify the need for their idea and make valuable connections.
To compete in the InnoStars Awards Final, start-ups submit the business plan they have been developing. Those selected will then pitch to an international jury of healthcare professionals, representatives of EIT Health, industrial partners and market experts. Winners of the contest receive up to €25,000 to support the launch of their product or service. All entrants benefit from the connections they build with potential partners.
The application process
Apply through the EIT Health Optimy platform between 31 January 2020 and 27 March 2020.